Myanmar

Last Update by Katie, 10 Jun 2024

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Exchange Rate

23 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Yangon

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (MMR)
McDonalds Set Meal 603
Monthly Train and Bus Tickets 1,176
3 Bedrooms Rental (City Center) 163,085
3 Bedrooms Rental (Outskirt) 114,077

Current Inflation Rate

7.83%

Wage

Minimum Wages

  • 4,800 - 5,800 MMK per month (with an allowance of 1,000 MMK) or 600 MMK per hour

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (MMR)
Entry-Level
Fresh Graduate
5,800
Mid-Level
5 Years
123,400
Experienced & Managerial Level
10 Years
241,000
Specialized & Senior-Level
15 Years
> 470,000

Annual Salary Growth

5%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Social Security 3%
Capped at 9,000 MMK per month
2%
Capped at 6,000 MMK per month
All staff

Other Benefit

Other common employment benefits in Myanmar include:

  • Transport allowance: Sales positions: USD50 per month, non-sales positions: US10 per month
  • Mobile allowance: Sales positions: 30 USD per month, non-sales positions: 5 USD per month

Income Tax

Residents

  • Tax period: 1st April - 31st March
    Tax filing start date: 1st May
    Tax filing due date: 30th June

Country Level

Taxable Income Rate
0 - 2,000,000 0%
2,000,001 - 5,000,000 5%
5,000,001 - 10,000,000 10%
10,000,001 - 20,000,000 15%
20,000,001 - 30,000,000 20%
> 30,000,001 25%

Non-residents

  • Flat rate of 35%, or resident rate, whichever is higher

Working Hours

Statutory

48 hours
8 hours a day, 6 days a week

Typical practice

48 hours
Monday- Saturday

Overtime

Shall not exceed more than 16 hours per week for continuous work

  • Salary paid staff: Hourly rate= {(salary x 12 month) / 52-week x 44 (48) hours} x 2
  • Daily paid staff: Hourly rate = {(daily wage x 6 day) / 44 (48) hours} x 2
  • Piece-work staff: Hourly rate = {(daily average wage x 6 day) / 44 (48) hours} x 2

Employment Contract

Permanent

Probation

90 days

Termination

  • Resignation notice: 30 days
    Termination notice: 30 days except misconduct
  • Severance:
    - 6-12 months' service: 0.5 months
    - 1 -2 years' service: 1 month
    - 2 - 3 years' service: 1.5 months
    - 3 - 4 years' service: 3 months
    - 4 - 6 years' service: 4 months
    - 6 - 8 years' service: 5 months
    - 8 - 10 years' service: 6 months
    - 10 - 12 years' service: 8 months
    - 12 - 14 years' service: 10 months
    - Over 14 years' service: 13 months

Public Holiday

24 days

Country Level

Date Name
01 Jan New Year's Day
04 Jan Independence Day
12 Feb Union Day
02 Mar Peasants' Day
24 Mar - 25 Mar Full Moon Day of Tabaung
27 Mar Armed Forces Day
13 Apr - 16 Apr Water Festival
17 Apr Burmese New Year
01 May Labor Day
22 May Full Moon Day of Kasong
19 Jul Martyrs' Day
20 Jul - 22 Jul Full Moon Day of Waso
16 Oct - 18 Oct Day before Full Moon Day of Thadingyut
14 Nov - 15 Nov Full Moon Day of Tazaungmone
25 Nov National Day
25 Dec Christmas Day
30 Dec Kayin New Year
31 Dec New Year's Eve

Leave

Leave Type Entitlement Notes
Annual Leave/Earned Leave 10 working days All staff with 12 months' continuous service
Sick Leave 30 working days All Staff with 6 months' continuous service
Maternity Leave 14 weeks + 4 extra weeks for twins
6 weeks before due date, 8 weeks after
Expectant mothers
Paternity Leave 15 working days Expectant fathers with 6 months' continuous service

Reference

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